ABM Industries Stock Drops 5% On Lower Q1 Net Income

(RTTNews) - ABM Industries Incorporated (ABM) is trading at $47.03, down 5.63 percent or $2.81 during Wednesday's trading, following the release of its latest earnings report for the first quarter. The company reported net income of $43.6 million, or $0.69 per share, lower, compared to $44.7 million, or $0.70 per share, in the prior year.

The stock opened at $52.01 and has ranged between $44.42 and $52.15 today, compared to a previous close of $49.83 on the New. Current trading volume stands at 821,867 shares, more than double the average volume of 380,294. The stock's 52-week range is $41.51 to $59.78.

However, revenue for the period increased to $2.11 billion from $2.07 billion.